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The price of gold remains stable at $3,354 per troy ounce this Tuesday, recovering some of the previous day’s losses. Market attention remains firmly fixed on US trade policy developments. President Donald Trump has formally notified leaders from 25 countries of new tariffs, including a 30% levy on imports from the EU and Mexico, set […]

The post Gold Holds Steady But Could Rise on Tariff Developments appeared first on Action Forex.

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07/10/2024

Gold Found Buyers Once Again At The Blue Box Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold. The rally from the 25 July 2024 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]
29/02/2024

Canada’s GDP to Rebound But Not the Loonie

Canadian economy set to return to growth but remain sluggish Will the Loonie be able to capitalize on any good news? Canadian economy to avoid recession once again The Canadian dollar has barely made any serious progress against other major currencies this year besides the battered Japanese yen. Canadian Q4 GDP data may not come to the rescue on Thursday to […]
28/06/2024

Gold Wave Analysis

Gold reversed from support level 2300.00 Likely to rise to resistance level 2365.00 Gold recently reversed up from the pivotal support level 2300.00, which has been steadily reversing the price from the end of April, as can be seen below. The support level 2300.00 was strengthened by the lower daily Bollinger Band and by the […]